Another $3-plus dividend day

Dividends starting to grow, even if only a little

I’ve learned a thing or two since starting my march toward a $1,000,000 investment portfolio. For one thing, getting dividends, no matter how small, never gets old.

I don’t care if it’s the $0.07 HPE sent my way earlier this month or the $7 special dividend COST paid me a few months back. Any amount of money, especially at this point in my journey (one year in), is gravy.

And, as they tend to do thanks to the magic of compound interest and the inevitable purchase of new shares with fresh capital, they’re starting to grow. I’m not going to earn more in dividends this month than I did in June, but I can live with that. Eventually, the goal is to grow my dividend income month over month. I’m fine with missing a month or two here and there, though. At least for now, I’ll take the fact I’m growing my income quarter over quarter.

That’s exactly what I did this time around thanks to Friday’s $3.40 in dividends. The $2.76 for six shares of DOW, $0.31 for one share of FL and $0.33 for a share of SYY put me at $24.61 for the month. I was paid $21.44 last quarter (April) by the same handful of companies. It’s not a huge bump, but it’s a bump.

I’ve been paid by 39 companies so far this month, earning at least one dividend every day this week. That’s consistency I can live with. I mean, who wouldn’t want to get paid every day? Now, if I can only build this thing up so those payments are for more than a couple bucks.